Questrade Portfolio IQ
With Questrade Portfolio IQ®, your annual management fee is based on the amount you invest. This fee is calculated daily and charged quarterly. As your money grows, you jump to a new pricing tier. Basically, the more you invest, the more your fee drops.
ETF Management Expense Ratio not included
See our short list of administrative fees
Most managed investments, like mutual funds, charge a Management Expense Ratio. This fee covers the management of the investment itself. Typically, Exchange Traded Fund (ETF) MERs are much lower than MERs of a comparable mutual fund. The ETFs Questrade Portfolio IQ invests in all have their own MER, charged by the company managing the ETF and built right into the cost of the ETF. That means the fee will never show up on your account statement. We are telling you this because we don’t hide any fees, even if they’re not ours. The ETFs in our model portfolios have a low blended MER ranging from 0.21%-1.23%.
If you begin investing with less than $2,000, your account is held in cash and you will not be charged a management fee. As soon as you pass $2,000, your savings will be automatically invested into your suitable portfolio and will begin to be managed.